GDI indicates US economy was growing normally through Q1

31 May 2012 by Jim Fickett.

Today the BEA released a revised estimate of Q1 Gross Domestic Product, and a first estimate of Q1 Gross Domestic Income. The latter is the better indicator of the business cycle, and receives less attention mainly because it comes out later. Although real GDP growth was revised down, real GDI shows a perfectly normal growth rate (2.0% year-over-year, compared to 2.1% CAGR 1998-2012):